Buy Signal: Given the recent upward momentum, a buy order can be placed near $0.04250 to target the next resistance levels.
Target Levels:
1. Target 1: $0.04400 – Mid-range resistance.
2. Target 2: $0.04500 – Potential breakout area.
3. Target 3: $0.04600 – Long-term target if momentum continues.
Momentum:
Bullish Momentum: Price action shows a higher low at $0.04162, confirming buying interest. The RSI and MACD are showing upward movement, supporting a bullish short-term outlook.
Caution: Monitor for strong sell-off if price breaks below $0.04200, as a retest of lower support levels would be possible.